SK Innovation: Ulsan plants operating normally

Min-JeongLee

SEOUL -(MarketWatch)- South Korea's SK Innovation Co. (096770.SE) said Monday that all of its refining and petrochemical plants in Ulsan are operating normally, after most of its facilities were temporarily halted of operations due to a blackout in the area Tuesday.

All of the company's Ulsan plants, including SK Energy Co.'s crude distillation units, have been restarted since the weekend, an SK Innovation spokesman said by phone.

The plants that were halted include five of SK Energy's CDUs with total capacity of 840,000 barrels a day, an SK Innovation official said last week. SK Innovation fully owns SK Energy, South Korea's biggest oil refiner.

State-run power provider Korea Electric Power Corp. (015760.SE) said Tuesday that there was a 15-minute power outage from 0500 GMT in some parts of Ulsan, a refining and petrochemical hub, due to problems at a substation.

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